Regions
Tax & Regulation | 9 May 17
UK Sipp giant faces £1.8m tax bill over Guernsey biofuel scheme
UK Sipp provider James Hay has been hit with a £1.8m (€2.12m, $2.3m) tax bill from HM Revenue and Customs (HMRC) over the Guernsey-listed biofuel investment scheme Elysian Fuels.
Middle East | 9 May 17
Clouds linger over mutual fund industry in the UAE
The mutual funds industry in the UAE is still waiting for clarity from the Securities and Commodities Authority (SCA) on its recently introduced registration and promotion systems as another regulator, the Insurance Authority, moves ahead with life company and adviser reforms.
Markets ‘march on’ and euro gains on dollar after Macron win
Financial markets were placated by Emmanuel Macron’s victory in the French presidential election, as the euro soared against the greenback.
Tax & Regulation | 8 May 17
UK advisers struggling with pension tax rules, says Prudential
A growing number of UK financial advisers are struggling to get to grips with the country’s complex pension regulations and tax planning, latest figures from Prudential reveal.
Tax & Regulation | 8 May 17
UK lawyer turned ‘financial adviser’ jailed over £1.5m fraud
A British lawyer who became a self-proclaimed ‘financial adviser’ after being struck off has been jailed for six years for swindling clients out of almost £1.5m (€1.8m, $1.9m).